, Columnist
Twitter’s Recovery Looks Like the Real Thing
Investors, however, need to stay aware of its shortcomings.
Twitter's not Facebook, which is a blessing and a curse.
Photographer: Prakash Singh/AFP/Getty Images
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Last year, I wasn’t sure that Twitter Inc.’s recovery was real. Now, it looks as if it is.
Twitter is not out of the woods, but it’s clear the company has stabilized financially after a long stretch of wobbles. Advertising sales rose 18 percent in the first quarter, the company reported on Tuesday. That was the fifth consecutive period of healthy gains. Twitter’s expenses have pulled back from its free-spending days, and the company now has genuine net income.